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MCX Gold future is trading near 59200 currently By Sumeet Bagadia, Choice Broking Ltd Gold price has takes retracement in pas couple of sessions from its latest highs and it seems like we may expect further decline in Gold price. MCX Gold future is trading near 59200 currently.On the other hand,Comex Gold is been at $1925. Comex Gold future has reversed from its peak of $1952 level and trading negatively since past couple of sessions. This decline in Gold price is fueled by surge in Dollar index which is trading above 104.50 levels. Alongside Dollar index 10-Year Treasury y...
MCX Gold future is trading near 59200 currently By Sumeet Bagadia, Choice Broking Ltd
MCX Gold future is trading near 59200 currently By Sumeet Bagadia, Choice Broking Ltd
Source: Choice Broking Ltd
7/09/2023 12:35:55 PM
Krishna Janmashtami Pick 2023 By Sumeet Bagadia, Choice Broking Ltd MARICO Ltd On weekly chart, we observe that MARICO is on the brink of a significant range breakout. MARICO has formed a double bottom pattern on the weekly timeframe. This pattern is often seen as a reversal signal, suggesting that the stock may be poised for an upward price movement. Key technical indicators also support this bullish outlook. The Relative Strength Index (RSI) is currently above 64, indicating that the stock is in a favorable bullish zone. Additionally, the Stocha...
Krishna Janmashtami Pick 2023 By Sumeet Bagadia, Choice Broking Ltd
Krishna Janmashtami Pick 2023 By Sumeet Bagadia, Choice Broking Ltd
Source: Choice Broking Ltd
6/09/2023 3:19:05 PM
Budget Picks 2023 By Sumeet Bagadia, Choice Broking UPL Ltd The stock has developed a solid base between the levels of 730 to 710 on a daily chart. The stock price is above each of the 20, 50 and 200 Day EMAs. If the price maintains above a small resistance of 753, UPL may go towards levels over 820.  The stock's upward movement from a zone of consolidation between 710 and 730 levels is supported by heavy volumes implies a robust breakout.  We can see the Bollinger band being squeezed on the weekly chart. The price remai...
Budget Picks 2023 By Sumeet Bagadia, Choice Broking
Budget Picks 2023 By Sumeet Bagadia, Choice Broking
Source: Choice Broking
30/01/2023 4:45:47 PM
New Year Picks 2023 By Sumeet Bagadia, Choice Broking ITC Ltd Buy ITC @ 334 & Upto 325 for the Target of 380/400 On a monthly chart, the stock is continuously trending upward since march 2022, concluding the primary trend is bullish. Additionally, ITC is trading at 334 and has numerous supports between 320 and 325 levels on the weekly chart. On the weekly chart, the price is sustaining above middle line of the Bollinger band, indicating the stock's strength. The daily chart's RSI Indicator is trading near 50 levels, which...
New Year Picks 2023 By Sumeet Bagadia, Choice Broking
New Year Picks 2023 By Sumeet Bagadia, Choice Broking
Source: Choice Broking Ltd
31/12/2022 10:05:30 AM
Diwali Vikram Samvat 2079 Market Outlook By Sumeet Bagadia, Choice Broking NIFTY50 • After settling an all-time high of 18604, the Index showed some profi t booking till 15183 levels which is near 18 percent which was much needed to take the bulls for a pause before a run. The market may witness more consolidation after the successive rise and it would be healthy. Since all the sectors are now aligned with the market trend, heavyweight stocks would drive the moments further for the next upside rally. • On a weekly chart, the index has been trading wi...
Diwali Vikram Samvat 2079 Market Outlook By Sumeet Bagadia, Choice Broking
Diwali Vikram Samvat 2079 Market Outlook By Sumeet Bagadia, Choice Broking
Source: Choice Broking Pvt Ltd
18/10/2022 5:03:13 PM
Vikram Samvat 2079 Diwali Technical Picks By Sumeet Bagadia, Choice Broking NMDC • On a monthly chart, the stock has been trading with higher highs & higher low formations which suggests an upside rally in the counter. • Furthermore, the stock has been trading with the support of 50 MMA which suggests a positive bias. • On a daily chart, the stock has been trading in a rising wedge formation and tested the lower band of formation which points out. • A daily momentum indicator Stochastic shows a positive crossover which adds more bu...
Vikram Samvat 2079 Diwali Technical Picks By Sumeet Bagadia, Choice Broking
Vikram Samvat 2079 Diwali Technical Picks By Sumeet Bagadia, Choice Broking
Source: Choice Broking Pvt Ltd
15/10/2022 6:08:16 PM
Foresee, Sensex can hit Five Six By Sumeet Bagadia, Choice Broking Below are Views On Foresee, Sensex can hit Five Six By Sumeet Bagadia, Executive Director and Head of Technical Research at Choice Broking  During the covid period in Mar'2020, when there was a lockdown imposed in the country, the BSE Sensex hit a low of 25638.90 levels. After that, we witnessed Accenture’s journey in the market with high liquidity, the broader market was zooming like anything. A fresh journey started from Mar'2020, low at 25638.90 to the ...
Foresee, Sensex can hit Five Six By Sumeet Bagadia, Choice Broking
Foresee, Sensex can hit Five Six By Sumeet Bagadia, Choice Broking
Source: Choice Broking
29/09/2021 12:15:09 PM